article thumbnail

The Three Pillars of Sustainability in Supply Chain and Logistics: A Strategic Guide

Logistics Viewpoints

Many organizations are also investing in education and infrastructure to support long-term regional development. Nestlé exemplifies this by working to eradicate child labor in its cocoa supply chain while improving education and infrastructure in farming communities. Efficiency is a vital component of economic sustainability.

article thumbnail

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory. Five Reasons.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. I think the rewiring starts with the education of the executive team, and that process should follow strategy. The reason?

article thumbnail

Step Past AI Hype Drive Real Value

Supply Chain Shaman

Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. Wrap-up Before you hit the show floor, educate yourself. The questions to ask are, “How does the improvement of engines improve work? How do you know you have a better outcome or decision?” Don’t talk generalities.

article thumbnail

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

article thumbnail

Mastering Digital Product Passports: Strategies for Seamless Implementation

Logistics Viewpoints

Invest in Training and Education Comprehensive training programs are essential to ensure employees understand both the technical and regulatory aspects of DPPs. This ongoing education also fosters a culture of adaptability and innovation, ensuring that the organization can keep pace with evolving technologies and regulations.

article thumbnail

How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

Preparing the next generation to excel in this dynamic field requires more than traditional education methods. Multi-Tiered System of Support (MTSS) platforms have emerged as innovative solutions in education and training, offering customized support that can profoundly enhance the development of future supply chain experts.